According to Foresight News, Circle, a blockchain-based financial services company, has issued an additional 55 million USDC on the Ethereum network. The transaction was recorded at 12:21 Beijing time, as per data from Whale Alert, a blockchain tracker and analytics system. This move signifies a further expansion of the USDC supply on the Ethereum blockchain. USDC is a stablecoin that is pegged to the US dollar, providing a stable value in the volatile crypto market. The issuance of more USDC tokens indicates a growing demand for stablecoins in the digital currency market. However, the exact reason for this specific issuance by Circle has not been disclosed.
Circle Issues 55 Million USDC On Ethereum Network
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